Pension Protection Act Blog

The IRS released their Priority Guidance Plan for 2008, which is always a good indication of what to expect from the IRS during the next year. As expected, most of the items on the list are derived from Pension Protection Act requirements. A few of the interesting items on the list are:

• Regulations under Section 529 regarding qualified tuition programs;
• Guidance concerning corporate-owned life insurance under Section 863 of PPA;
• Guidance on special pay plans for governmental employees;
• Final regulations on converting an IRA annuity to a Roth IRA annuity. Temporary regulations were published on August 22, 2005 (408A);
• Proposed regulations on hybrid plans under sections 411(a)(13) and 411(b)(5), as added by the Pension Protection Act of 2006;
• Guidance on automatic enrollment under sections 414(w), 401(k)(13) and 401(m)(12), as added by the Pension Protection Act of 2006;
• Guidance on the transfer of assets from a section 401(a) plan to a Puerto Rico plan.

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